3 reasons why Bitcoin price can’t take out the $90K resistance level

A top-heavy market, decreasing liquidity, and the absence of new buyers are keeping Bitcoin price pinned below $90,000.

Since reaching a weekly high of $88,752 on March 24, Bitcoin (BTC) price has formed a series of lower highs and lower lows in the 1-hour time frame chart.

As the end of the week approaches, Bitcoin price has failed to break above the $88,000 resistance, reducing the chance for a $90,000 retest before the end of Q1.

Bitcoin 1-hour chart. Source: Cointelegraph/TradingView

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